Icelanders have rejected plans to repay ?3.5 billion owed to Britain and the Netherlands following the failure of the internet bank Icesave. Read More Icelanders reject plan to repay ?35bn to Britain and Netherlands

The risks to economic recovery over the medium term have escalated, one of Britain’s leading business groups has warned, cutting its growth forecasts for 2011. Read More UKs economic recovery is under threat

After a busy economic week in Europe as the BoE and ECB interest rate decisions were announced, where both central banks left them unchanged at a historic low of 0.50% and 1.00% respectively. 5 Vote(s) Read More A calm economic week after central bank rate decisions

It is too early for Japan to end its massive stimulus spending because the world’s second biggest economy is still slowly recovering from a severe recession, the finance minister said Sunday. 5 Vote(s) Read More Japan finance minister stimulus plan to continue

The British Chambers of Commerce has warned that the UK’s fragile economy could slip back into the clutches of recession due to greater obstacles to the sustained medium-term recovery 5 Vote(s) Read More BCC warns economy can slip into recession again